…So basically the innovation economy. We may have dodged the worst-case scenario as tens of thousands of startups escape a near-death experience — but the industry just lost one of its biggest supporters. Potential industries impacted by SVB’s collapse: 1/ Startup life gets harder. SVB was a crucial partner for early-stage tech companies, funding startups…
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How the Second (and Third) Largest Bank Failure Played Out
Were you stuck in the Quantum Realm for the past week? Let’s get you up to speed. Silicon Valley Bank (NASDAQ:SIVB) is America’s 16th-largest bank and a crucial financial partner for tech and life sciences companies. Last week, the bank collapsed and here’s how it played out: Thursday: Rumors of SVB problems spread, and customers…
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